On the plus side, he'll be dead before he manages to use all his corruptly gotten gains. On the downside, his children appear to be as awful as him. (View Post)

In some quite amusing news: "China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate a… (View Post)

"Building near train stations will mean busier train" I always find arguments like this a little bizarre. There may be some truth for some individual stations, but aggregate demand for infr… (View Post)

There is a fiscal question and a monetary question. The government's borrowing costs for 10-year and longer lending is driven in part by the amount of borrowing they need to do, rather than expe… (View Post)

Inflation minus 0.2% in November, bringing the annual rate down to 3.2%. I expect that'll continue to fall down towards target by the middle of next year. BoE certain to cut rates to 3.75% tomor… (View Post)